Since you are reading my blog and it is New Year, I will share with you a trading secret. ‘Go short when market is trending down’. Happy, eh? 🙂
OK, back to business. I was thinking to start trading next week. However, the nice setup in EUR/JPY was just seductive. Yeah, seductive. I went short during early London session, and my profit target was hit early. I was looking at EUR/JPY to lose ground to 160. It might go lower, but…I don’t care. +85 pips to start the year.
Another option is to sell partial of your position and let the rest run. Well, up to you.
Here is the …… CHART!